The Dow Jones industrial average plunged more than 1,100 points on Monday as stocks took their worst loss in six and a half years

Some analysts also say markets tend to get edgy when the US Federal Reserve has a new leadership.

The Nikkei average opened sharply higher, surging almost 3.5 percent at one point as investors bought on dips following the recent slumps.

The Nasdaq composite fell 3.8 per cent to 6,967.53, while the Russell 2000 index of smaller-company stocks sank 3.6 per cent to 1,491.09.

A 10 per cent drop from a peak is referred to on Wall Street as a "correction".

But now with United States interest rates expected to rise, traders say many Asian investors are feeling anxious that the USA stock market rally may be winding down, and that could drag Asian stocks lower too. It has been an uncommonly long time since the last market correction, which ended nearly two years ago.

The analyst says shares were sold in the afternoon because investors remain cautious due to another rise in the U.S. long-term interest rates that triggered the selloff.

Benchmark 10-year notes were last down slightly in price to yield 2.8054 percent, from 2.766 percent late on Monday. That raised the alarm about higher inflation and, with it, potentially higher interest rates. Either way, that is going to slow down the economy. The last such decline came in early 2016, when oil prices were plunging as investors anxious that slowing global growth might sharply reduce demand.

"I think what you have is, this is a correction, not the start of an economic recession", said Brent Schutte, chief investment strategist of Northwestern Mutual Life Insurance Co.'s wealth-management unit. The markets have been unusually calm since late 2016, and he said investors were betting that would continue. Schutte said that as central banks stop propping up the market, trading will probably be more volatile in the next few years.

Andrew Zimbalist, an economist at Smith College in MA, said the volatility in the United States - and the impact on Asia - was "not surprising in the least" given what's been happening. Brent crude, the benchmark for worldwide oil prices, lost 82 cents, or 1.2 percent, to $66.80 a barrel in London.

United States crude futures traded at $63.53 per barrel, down 1.0 per cent in Asia. The broader Topix dropped 4.6 per cent to 1,740.32.

The dollar index last rose 0.13 percent, with the euro up 0.06 percent to $1.2384.

Sharp drops on Friday and Monday erased the gains the Dow and S&P 500 made this year. That was its biggest loss since August 2011, when stocks were reeling as investors fretted over European government debt and the U.S. credit rating was downgraded after the debt ceiling impasse.

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Offensive coordinator Josh McDaniels has agreed to become the head coach of the Indianapolis Colts , that team announced Tuesday. If McDaniels does decide to snub the Colts and stay with New England, it could leave the Colts scrambling to find a new coach.

Intel is said to use its XMM 7560 modem in the new iPhones that include faster LTE speeds with 4x4 MIMO technology. Qualcomm is expected to aggressively pursue orders from Chinese smartphone makers to offset the lost orders.

Meanwhile, seven civilians have been killed in mortar fire on the Turkish side of the border that Ankara blames on the YPG. There have been numerous reports suggesting US Special Forces (SOF) teams use the insignia of Kurdish paramilitary groups.

Time has been the largest obstacle in the probe and the original investigator and numerous witnesses have died, Corina said. John Corina said that the department was giving the case one "last shot" to see if any other witnesses would come forward .

Notifications on PS4 will be sent to the child during gameplay so that he or she knows when they should save and quit. This comes in handy when you've downloaded game betas or demos you no longer want to see in your list of games .

As well as the threat of other survivors, players will have to watch out for "deadly anomalies" and the dynamic weather system. Fear the Wolves is set to be a "new and original take" on the battle royale genre now dominated by PUBG and Fortnite .

Twenty-six flu-related deaths were reported last week in Pennsylvania, bringing the total to 91 for the season. One out of 14 doctors visits, a patient is complaining of flu symptoms, the highest amount in nearly a decade.

The company's shares, which have almost halved in the past year, rose more than 20 percent in after-hours trading to $16.95. The poor report included slowing user growth and a revenue miss, and showed no clear path to profitability.

Indeed, in the final quarter of 2017 - the holiday period - detachables grew 10 percent to reach 6.5 million shipments. Meanwhile, Amazon climbed into second place with 7.7 million Kindle Fire tablets shipped, for 15.6% of the market.

He was also president between 1978 to 2008 when the Maldives , which relies on tourism, became a multi-party democracy. Former president Maumoon Abdul Gayoom, who has allied himself with the opposition, was also detained at his home.

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